What is the cost of living in North Hobbs, NM?
According to the most recent data on the cost of living, North Hobbs has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to New Mexico, North Hobbs has a cost of living index that's 1.1x higher than New Mexico's index of 93.
The standard of living in North Hobbs ranks as #31 most affordable out of the 45 places we measured in New Mexico. By definition, that implies North Hobbs ranks as the #14 most expensive place in the Land of Enchantment.
For more reading on life in North Hobbs, check out:
North Hobbs Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in North Hobbs. Here is how it fares on each of the criteria:
The Services index in North Hobbs is 99.
The Groceries index in North Hobbs is 99.
The Health index in North Hobbs is 102.
The Housing index in North Hobbs is 100.
The Transportation index in North Hobbs is 100.
The Utilities index in North Hobbs is 95.
| Living Expense | North Hobbs | New Mexico | National Average |
|---|---|---|---|
| Overall | 99 | 93 | 100 |
| Services | 99 | 98 | 100 |
| Groceries | 99 | 96 | 100 |
| Health | 102 | 86 | 100 |
| Housing | 100 | 99 | 100 |
| Transportation | 100 | 95 | 100 |
| Utilities | 95 | 94 | 100 |
North Hobbs Cost Of Living Compared To New Mexico Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Mexico, check out:
Protect your home budget Compare home warranties in North Hobbs Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
North Hobbs, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in North Hobbs is $337,560.
The Median Rent in North Hobbs is $1,319.
The Median Income in North Hobbs is $82,554.
The Home Value To Income in North Hobbs is 4.1x.
The Rent To Monthly Income in North Hobbs is 0.19x.
| Statistic | North Hobbs | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $337,560 | $316,750 | $332,700 |
| Median Rent | $1,319 | $1,067 | $1,413 |
| Median Income | $82,554 | $64,059 | $80,734 |
| Home Value To Income | 4.1x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
North Hobbs, NM Costs By Category
Detailed North Hobbs Services costs vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| Shampoo | $1.15 | $1.28 |
| Movie | $11.7 | $12.13 |
| Bowling | $17.73 | $18 |
| Haircut | $27.73 | $24.26 |
| Beauty Salon | $70.27 | $45.56 |
Detailed North Hobbs Groceries costs vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| Ground Beef | $5.5 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $4.86 | $4.93 |
| Pizza | $11.64 | $12.09 |
| Beer | $10.47 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed North Hobbs Health costs vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| Optometrist | $134.65 | $125.68 |
| Doctor | $146.52 | $135.78 |
| Dentist | $122.61 | $113.29 |
Detailed North Hobbs Transportation costs vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| Gasoline | $3.06 | $3.46 |
| Tire Balancing | $61.55 | $59.92 |
Detailed North Hobbs Utilities costs vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| All Electricity | $137.32 | $193.99 |
| Phone | $207.58 | $192.25 |
North Hobbs SnackAbility
Cost Of Living In Cities Around North Hobbs
The cost of living varies in the cities and towns around North Hobbs. Here's a quick look at the cost of living in the most populous nearby places:
Hobbs, NM has a cost of living index of 91, 0.9x North Hobbs.
Andrews, TX has a cost of living index of 99, 1.0x North Hobbs.
Lovington, NM has a cost of living index of 90, 0.9x North Hobbs.
| City | Population | Cost Of Living | Vs. North Hobbs |
|---|---|---|---|
| Hobbs, NM | 40,252 | 91 | 0.9x |
| Andrews, TX | 13,468 | 99 | 1.0x |
| Lovington, NM | 11,498 | 90 | 0.9x |
| Seminole, TX | 7,184 | 87 | 0.9x |
